TATA MOTORS BAGS ORDERS FOR BUS CHASSIS FROM UPSRTC
News: In a Press release Tata Motors announced that it has secured an order for 1,297 bus chassis from the Uttar Pradesh State Road Transport Corporation (UPSRTC), marking its third order from the organization within a year and bringing the total order size to over 3,500 units. The order, which was obtained through a competitive e-bidding process, includes Tata's LPO 1618 diesel bus chassis, specifically designed for intercity and long-distance travel.
Views: Buses segment is the solace space for the domestic CV industry which is currently witnessing a muted growth trend. With stock correcting more than 30% from its peak, it offers a good entry point for long term investment horizon given turnaround in place at JLR, substantially reduction in automotive debt on B/S and focus on healthy profitability for Indian operations.
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